China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters
China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters

Evergrande crisis weighs on China’s credit growth as financing, lending activities cool

  • Aggregate financing was 2.9 trillion yuan (US$449 billion), the People’s Bank of China (PBOC) said on Wednesday, compared to 2.96 trillion yuan in August
  • Financial institutions offered 1.66 trillion yuan of new loans, up from 1.22 trillion yuan in August, after Economists had projected 1.81 trillion yuan

Topic |   Evergrande crisis
China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters
China’s major developers saw their sales plunge in September, after home sales in big cities dropped in August. Photo: Reuters
READ FULL ARTICLE